PEAK6 Investments L.P. grew its holdings in Cars.com Inc (NYSE:CARS) by 917.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,633 shares of the company’s stock after purchasing an additional 98,855 shares during the period. PEAK6 Investments L.P. owned approximately 0.15% of Cars.com worth $3,162,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Catalus Capital Management LLC bought a new stake in Cars.com during the 4th quarter worth approximately $192,402,000. Investec Asset Management LTD increased its holdings in Cars.com by 300.6% during the 4th quarter. Investec Asset Management LTD now owns 3,431,613 shares of the company’s stock worth $98,968,000 after acquiring an additional 2,575,002 shares during the period. Jackson Square Partners LLC increased its holdings in Cars.com by 28.6% during the 4th quarter. Jackson Square Partners LLC now owns 2,575,534 shares of the company’s stock worth $74,278,000 after acquiring an additional 572,099 shares during the period. Dimensional Fund Advisors LP increased its holdings in Cars.com by 32.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,367,562 shares of the company’s stock worth $63,001,000 after acquiring an additional 574,912 shares during the period. Finally, Evercore Trust Company N.A. bought a new stake in Cars.com during the 3rd quarter worth approximately $59,099,000.
A number of analysts recently weighed in on CARS shares. B. Riley reaffirmed a “buy” rating and set a $32.00 target price on shares of Cars.com in a report on Tuesday, December 19th. ValuEngine raised shares of Cars.com from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Barrington Research reaffirmed a “buy” rating on shares of Cars.com in a report on Friday, March 2nd. Finally, Zacks Investment Research lowered shares of Cars.com from a “buy” rating to a “hold” rating in a report on Friday, February 16th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $34.88.
Cars.com (NYSE:CARS) last issued its quarterly earnings results on Tuesday, March 6th. The company reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.16. The firm had revenue of $156.57 million for the quarter, compared to analyst estimates of $156.30 million. Cars.com had a net margin of 35.84% and a return on equity of 8.16%. The company’s revenue was down 3.2% compared to the same quarter last year. sell-side analysts expect that Cars.com Inc will post 1.09 EPS for the current year.
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Cars.com Inc owns a digital automotive marketplace business (Cars.com). Cars.com is an online research destination for car shoppers. The Company is engaged in the sale of online subscription advertising products targeting car dealerships. It offers a suite of products and services targeting the automotive needs of its buyer and seller customers.
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